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Atlantic City Revenues Down 13 percent in January 2013
Tuesday February 12,2013 : NOT A GOOD JANUARY FOR ATLANTIC CITY
13.2 percent slide in revenues at Atlantic City casinos in January
Atlantic City's casinos began the new year the way they've spent most of the past six years: taking in less money from gamblers, the Associated Press news agency reports, quoting official figures from the state gambling authority.
Compared with the same period in 2012, revenue at the city's 12 casinos fell by 13.2 percent this January, making for an inauspicious start to what could be a seventh straight year of falling casino revenues.
Atlantic City's status as the nation's second biggest gambling mecca has already been lost to neighbouring Pennsylvania; Atlantic City's casino revenue has fallen from a high of $5.2 billion in 2006 to just over $3 billion last year.
The 2013 numbers show that in January, Atlantic City's casinos won $205.6 million from gamblers. Table games revenue fell by $5.1 million, to $67.1 million. Slot machine revenue fell by $26.2 million, to $138.5 million.
The slots numbers were affected by an $8.1 million decrease in promotional gambling credits that were wagered, which are a component of slot machine revenue totals, AP notes.
Pokerstars parent Rational Group which is in the midst of an acquisition bid for Atlantic City's land-based Atlantic Club casino, will be pleased to hear that it was the only casino to show a revenue increase - up nearly 15 percent to $9 million.
Biggest loser in January was the Trump Plaza Hotel and Casino, which posted an alarming 40.8 percent plunge, to just $4.8 million.
Atlantic City is battling growing competition from adjoining states like Pennsylvania, Delaware, New York and Maryland.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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